Monday 19th June 2023 |
Text too small? |
Vital confirms extension of existing corporate debt facility
Vital Limited (VTL), a specialist radio and fibre network services provider advises that its banking facility with Bank of New Zealand (BNZ) has been renewed for a further one year term, to January 2025.
The renewal follows an 8% or $1.1m net debt reduction during FY22 and reflects part of Vital’s ongoing performance reset to deliver a stronger and more sustainable financial foundation for shareholders.
Under the renewal the facility limits remain unchanged, with only minor amendments to terms and covenants.
The pricing (i.e. the margin over base rate) is also unchanged.
For further information please contact:
Jason Bull
CEO
027 497 4548
ENDS
No comments yet
New Zealand Government Bonds - through the pandemic and beyond
DOW - Refinance of Syndicated Sustainability Linked Loan facility
OCA - Appointment of Chief People Officer
CHI - Director changes at Channel Infrastructure
December 6th Morning Report
December 5th Morning Report
TWR - Tower announces strategic review
PFI - 11 Sheffield Street, Blenheim Divestment
December 4th Morning Report
Me Today - Notice of Annual Shareholder Meeting